[{"data":1,"prerenderedAt":475},["ShallowReactive",2],{"document-employee-stocks-option-grant-notice-D12614":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":179,"customdescription":6,"mdFm":180,"mdProseHtml":474},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"EMPLOYEE STOCK OPTION PLAN [COMPANY NAME] INC. STOCK OPTION GRANT NOTICE [YEAR] EQUITY INCENTIVE PLAN [COMPANY NAME] (the \"Company\"), pursuant to its [YEAR] Equity Incentive Plan (the \"Plan\"), hereby grants to Optionholder an option to purchase the number of shares of the Company's Common Stock set forth below (the \"Award\"). This Award is subject to all of the terms and conditions as set forth in this notice, in the Option Agreement, the Plan and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the Plan or the Option Agreement will have the same definitions as in the Plan or the Option Agreement. If there is any conflict between the terms in the Award and the Plan, the terms of the Plan will control. Optionholder: Date of Grant: Vesting Start Date: Exercise Price per Share: Total Number of Shares Granted: Term/Expiration Date: Type of Grant: [INCENTIVE OR NON-STATUTORY STOCK OPTION] Exercise Schedule: Same as Vesting Schedule Vesting Schedule:The option subject to this Attribution shall vest in accordance with the following vesting schedule, provided that Optionholder's employment shall continue until each vesting date: - 1/3th of the shares vest on the first anniversary of the Equity Grant Date. - 1/3th of the shares vest on the second anniversary of the Equity Grant Date. - 1/3th of the shares vest on the third anniversary of the Equity Grant Date. Payment:By one or a combination of the following methods of (described in the Stock Option Agreement): xCash or check xBank draft or money order payable to the Company xNet exercise [COMPANY NAME] PARTICIPANT Signature Signature NOTICE OF EXERCISE [COMPANY NAME] Attention: Stock Plan Administrator Date of Exercise: This constitutes notice to [COMPANY NAME] (the \"Company\") under my stock option that I elect to purchase the below number of shares of Common Stock of the Company (the \"Shares\") for the price set forth below.",null,"Employee Stocks Option Grant Notice","4",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/employee-stocks-option-grant-notice-D12614.png","https://templates.business-in-a-box.com/imgs/250px/12614.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12614.xml",{"title":15,"description":6},"employee stocks option grant notice",[17,20],{"label":18,"url":19},"Finance & Accounting","/templates/finance-accounting/",{"label":21,"url":22},"Buy & Sell Shares","/templates/buy-sell-shares/","Employee Stocks Option Grant Notice Template","https://templates.business-in-a-box.com/imgs/400px/12614.png","https://templates.business-in-a-box.com/imgs/600px/12614.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Equity & Mergers","/templates/equity-and-mergers/",[39,43,47,51,55,59,63,67,71,75,79,83,87,104,119,134,149,164],{"label":40,"url":41,"thumb":42,"extension":10},"Notice of Grant of Stock Option","/template/notice-of-grant-of-stock-option-D896","https://templates.business-in-a-box.com/imgs/250px/896.png",{"label":44,"url":45,"thumb":46,"extension":10},"Employee Stock Option Agreement","/template/employee-stock-option-agreement-D12613","https://templates.business-in-a-box.com/imgs/250px/12613.png",{"label":48,"url":49,"thumb":50,"extension":10},"Notice of Exercise of Option to Purchase","/template/notice-of-exercise-of-option-to-purchase-D1213","https://templates.business-in-a-box.com/imgs/250px/1213.png",{"label":52,"url":53,"thumb":54,"extension":10},"Notice of Exercise of Lease Option","/template/notice-of-exercise-of-lease-option-D1212","https://templates.business-in-a-box.com/imgs/250px/1212.png",{"label":56,"url":57,"thumb":58,"extension":10},"Notice to Employee Unqualified for Christmas Bonus","/template/notice-to-employee-unqualified-for-christmas-bonus-D642","https://templates.business-in-a-box.com/imgs/250px/642.png",{"label":60,"url":61,"thumb":62,"extension":10},"Notice of Termination_False Employee Information","/template/notice-of-termination_false-employee-information-D518","https://templates.business-in-a-box.com/imgs/250px/518.png",{"label":64,"url":65,"thumb":66,"extension":10},"Notice of Intent to Exercise Option(s) to Acquire Partnership Interests","/template/notice-of-intent-to-exercise-option-s-to-acquire-partnership-interests-D5164","https://templates.business-in-a-box.com/imgs/250px/5164.png",{"label":68,"url":69,"thumb":70,"extension":10},"Grant Proposal","/template/grant-proposal-D12615","https://templates.business-in-a-box.com/imgs/250px/12615.png",{"label":72,"url":73,"thumb":74,"extension":10},"Stock Option Plan","/template/stock-option-plan-D13284","https://templates.business-in-a-box.com/imgs/250px/13284.png",{"label":76,"url":77,"thumb":78,"extension":10},"Developing a Grant Proposal","/template/developing-a-grant-proposal-D370","https://templates.business-in-a-box.com/imgs/250px/370.png",{"label":80,"url":81,"thumb":82,"extension":10},"Writing the Grant Proposal","/template/writing-the-grant-proposal-D371","https://templates.business-in-a-box.com/imgs/250px/371.png",{"label":84,"url":85,"thumb":86,"extension":10},"Option to Buy Agreement","/template/option-to-buy-agreement-D336","https://templates.business-in-a-box.com/imgs/250px/336.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":9,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":96,"keywords":95,"url":103},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: JOB OFFER FOR [DESCRIBE] Dear [CANDIDATE NAME]: Congratulations! [Company name] is excited to offer you the position of [job title] with an expected start date of [day, month, year] at a starting salary of [dollar amount] per [hour, year, etc.]. You can expect to receive payment [weekly, biweekly, monthly, etc.], starting on [date of first pay period]. We must wrap up a few more formalities, including the successful completion of your [background check, drug screening, reference check, etc.]. As the [job title], you will report to [manager/supervisor name and title] at [workplace location] from [hours of day, days of week]","Job Offer Letter Long","1","https://templates.business-in-a-box.com/imgs/1000px/job-offer-letter-long-D12769.png","https://templates.business-in-a-box.com/imgs/250px/12769.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12769.xml",{"title":95,"description":6},"job offer letter long",[97,100],{"label":98,"url":99},"Human Resources","human-resources",{"label":101,"url":102},"Hire an Employee","hire-employee","/template/job-offer-letter-long-D12769",{"description":105,"descriptionCustom":6,"label":106,"pages":107,"size":9,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":113,"keywords":112,"url":118},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":112,"description":6},"employment agreement_at will employee",[114,115,116],{"label":98,"url":99},{"label":101,"url":102},{"label":33,"url":117},"business-legal-agreements","/template/employment-agreement_at-will-employee-D541",{"description":120,"descriptionCustom":6,"label":121,"pages":122,"size":123,"extension":10,"preview":124,"thumb":125,"svgFrame":126,"seoMetadata":127,"parents":128,"keywords":132,"url":133},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.","Employment Agreement Executive","12",97,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[129,130,131],{"label":98,"url":99},{"label":101,"url":102},{"label":33,"url":117},"employment agreement executive","/template/employment-agreement-executive-D543",{"description":135,"descriptionCustom":6,"label":136,"pages":137,"size":138,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":143,"keywords":147,"url":148},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[144],{"label":145,"url":146},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":150,"descriptionCustom":6,"label":151,"pages":152,"size":9,"extension":10,"preview":153,"thumb":154,"svgFrame":155,"seoMetadata":156,"parents":158,"keywords":157,"url":163},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":157,"description":6},"non disclosure agreement nda",[159,160],{"label":33,"url":117},{"label":161,"url":162},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":165,"descriptionCustom":6,"label":166,"pages":167,"size":9,"extension":10,"preview":168,"thumb":169,"svgFrame":170,"seoMetadata":171,"parents":173,"keywords":172,"url":178},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: Termination of your employment Dear [Contact name], We regret to inform you that your employment with [YOUR COMPANY NAME] is terminated effective upon receipt of this letter for the following reason(s): [DETAIL REASONS] [DETAIL REASONS] [DETAIL REASONS] Please vacate the premises immediately with your personal possessions. We will forward your salary earned to date in due course together with any vacation pay to which you are entitled. Within [NUMBER] days of termination we shall issue you a statement of accrued benefits. Any insurance benefits shall continue in accordance with applicable law and/or provisions of our personnel policy. Please contact [Name], at your earliest convenience, who will explain each of these items and arrange with you for the return of any company property. Sincerely, [YOUR NAME] [YOUR TITLE] [YOUR PHONE NUMBER] [YOUREMAIL@YOURCOMPANY.COM] [IF SENT BY EMAIL YOU MAY INCLUDE THIS NOTICE]","Employee Dismissal Letter","2","https://templates.business-in-a-box.com/imgs/1000px/employee-dismissal-letter-D508.png","https://templates.business-in-a-box.com/imgs/250px/508.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#508.xml",{"title":172,"description":6},"employee dismissal letter",[174,175],{"label":98,"url":99},{"label":176,"url":177},"Employee Termination","employee-termination","/template/employee-dismissal-letter-D508",false,{"seo":181,"reviewer":193,"quick_facts":197,"at_a_glance":199,"personas":203,"variants":224,"glossary":250,"clauses":281,"how_to_fill":327,"common_mistakes":363,"faqs":380,"industries":405,"comparisons":422,"diy_vs_pro":435,"related_template_ids_curated":448,"schema":460,"classification":462},{"meta_title":182,"meta_description":183,"primary_keyword":184,"secondary_keywords":185},"Employee Stock Option Grant Notice Template (Free Word)","Free employee stock option grant notice template. Formally communicate equity grants with vesting schedules, exercise prices, and option terms. Free Word and PDF download.","employee stock option grant notice template",[186,187,188,189,190,191,192],"stock option grant notice template","equity grant notice template","employee stock option letter","stock option award letter template","option grant notice word template","stock option grant template free","equity compensation notice template",{"name":194,"credential":195,"reviewed_date":196},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":198,"legal_review_recommended":179,"signature_required":179},"medium",{"what_it_is":200,"when_you_need_it":201,"whats_inside":202},"An Employee Stock Option Grant Notice is a formal written notice a company issues to an employee to confirm the award of stock options under an approved equity incentive plan. This free Word download gives you a ready-to-edit template you can customize with grant details, vesting schedules, and exercise prices, then export as PDF and deliver to grantees in minutes.\n","Issue it each time you award stock options to an employee, advisor, or contractor under your equity plan — typically at hire, during a promotion, or as part of an annual compensation review.\n","Grantee and company identification, grant date, number of options, per-share exercise price, option type (ISO or NSO), vesting schedule with cliff and monthly breakdown, expiration date, and a reference to the governing equity incentive plan and option agreement.\n",[204,208,212,216,220],{"title":205,"use_case":206,"icon_asset_id":207},"Startup founders","Issuing first equity grants to early employees and advisors","persona-startup-founder",{"title":209,"use_case":210,"icon_asset_id":211},"HR managers","Standardizing equity communication across all new and existing grant recipients","persona-hr-manager",{"title":213,"use_case":214,"icon_asset_id":215},"CFOs and finance teams","Documenting grants for cap table accuracy and ASC 718 accounting compliance","persona-cfo",{"title":217,"use_case":218,"icon_asset_id":219},"Operations directors","Replacing ad-hoc equity emails with a consistent, auditable grant notice process","persona-operations-director",{"title":221,"use_case":222,"icon_asset_id":223},"Legal or general counsel","Ensuring grant notices reference the correct plan document and option agreement","persona-legal-counsel",[225,229,232,236,240,244,247],{"situation":226,"recommended_template":227,"slug":228},"Granting incentive stock options (ISOs) to a full-time employee","ISO Stock Option Grant Notice","notice-of-grant-of-stock-option-D896",{"situation":230,"recommended_template":231,"slug":228},"Granting non-qualified stock options (NSOs) to an advisor or contractor","NSO Stock Option Grant Notice",{"situation":233,"recommended_template":234,"slug":235},"Granting restricted stock units instead of options","RSU Award Agreement","board-resolution-approving-the-award-of-a-contract-D51",{"situation":237,"recommended_template":238,"slug":239},"Issuing equity to a C-suite executive with custom vesting terms","Executive Stock Option Agreement","employee-stock-option-agreement-D12613",{"situation":241,"recommended_template":242,"slug":243},"Communicating a grant as part of an offer package","Job Offer Letter with Equity","job-offer-letter-long-D12769",{"situation":245,"recommended_template":246,"slug":239},"Amending the terms of a previously issued grant","Stock Option Amendment Agreement",{"situation":248,"recommended_template":249,"slug":239},"Documenting the full terms behind the notice","Stock Option Agreement",[251,254,257,260,263,266,269,272,275,278],{"term":252,"definition":253},"Stock Option","The right, but not the obligation, to purchase a specified number of company shares at a fixed price within a defined period.",{"term":255,"definition":256},"Exercise Price (Strike Price)","The per-share price at which the option holder may purchase shares, set at fair market value on the grant date.",{"term":258,"definition":259},"Grant Date","The date on which the company's board or compensation committee formally approves and awards the option grant.",{"term":261,"definition":262},"Vesting Schedule","The timeline over which an employee earns the right to exercise their options, typically expressed as a cliff plus monthly ratable vesting.",{"term":264,"definition":265},"Cliff","The minimum service period — typically 12 months — that must pass before any portion of a grant vests.",{"term":267,"definition":268},"ISO (Incentive Stock Option)","A stock option that qualifies for favorable tax treatment under IRC Section 422, available only to employees and subject to holding-period requirements.",{"term":270,"definition":271},"NSO (Non-Qualified Stock Option)","A stock option that does not meet ISO requirements; the spread at exercise is taxed as ordinary income, and NSOs can be granted to employees, advisors, and contractors.",{"term":273,"definition":274},"Expiration Date","The date after which unexercised options lapse permanently — typically 10 years from the grant date, shortened to 90 days after termination in most plans.",{"term":276,"definition":277},"Equity Incentive Plan","The board- and stockholder-approved plan document that authorizes the company to issue options and other equity awards, setting the total option pool and grant rules.",{"term":279,"definition":280},"409A Valuation","An independent third-party appraisal of the company's common stock fair market value, required by IRS Section 409A to set a defensible exercise price for NSOs and ISOs.",[282,287,292,297,302,307,312,317,322],{"name":283,"plain_english":284,"sample_language":285,"common_mistake":286},"Header and parties","Identifies the company name, the grantee's full legal name, and the date the notice is issued.","[COMPANY LEGAL NAME] ('Company') hereby notifies [GRANTEE FULL NAME] ('Grantee') of the following stock option grant as of [GRANT DATE].","Using a trade name instead of the registered legal entity name — this creates a mismatch with the cap table and option agreement that requires a corrective amendment.",{"name":288,"plain_english":289,"sample_language":290,"common_mistake":291},"Grant type (ISO or NSO)","States whether the options are incentive stock options or non-qualified stock options, which determines the grantee's tax treatment.","This option is intended to be an [Incentive Stock Option ('ISO') / Non-Qualified Stock Option ('NSO')] within the meaning of the Company's [PLAN NAME].","Granting ISOs to advisors or contractors — ISOs are only available to W-2 employees; granting them to non-employees automatically converts them to NSOs without changing the notice language.",{"name":293,"plain_english":294,"sample_language":295,"common_mistake":296},"Number of shares and exercise price","Specifies the total number of shares covered by the grant and the per-share exercise price based on the most recent 409A valuation.","Subject to the terms of this Notice and the Option Agreement, the Company grants Grantee the option to purchase [NUMBER] shares of Common Stock at an exercise price of $[PRICE] per share.","Setting the exercise price below the 409A fair market value — this creates a Section 409A violation that triggers immediate income recognition and a 20% excise tax on the grantee.",{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Vesting commencement date","Records the date from which vesting is measured, which may be the grant date or an earlier date tied to the employee's hire or role start.","Vesting shall be measured from [VESTING COMMENCEMENT DATE], which may differ from the Grant Date.","Leaving the vesting commencement date blank or defaulting it to the grant date when an earlier service-start credit was promised — this causes disputes at exercise or termination.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Vesting schedule","Details the cliff period and the monthly vesting cadence so the grantee knows exactly how many shares vest and when.","[NUMBER] shares vest on the one-year anniversary of the Vesting Commencement Date (the 'Cliff'); thereafter, [NUMBER] shares vest monthly on the same day of each calendar month until fully vested, subject to Grantee's Continuous Service.","Omitting the monthly vesting fraction entirely and only stating the four-year total — grantees then calculate their own schedule incorrectly and dispute their vested balance at resignation.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Expiration date","States the date the options expire if not exercised, and cross-references the plan's post-termination exercise window.","This option shall expire on [EXPIRATION DATE], unless earlier terminated pursuant to the Plan or the Option Agreement, including the post-termination exercise provisions.","Setting a 10-year expiration without noting the plan's 90-day post-termination window — grantees often assume they have 10 years regardless of employment status and miss the shorter deadline.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Reference to plan and option agreement","Confirms that the grant is governed by the equity incentive plan and the accompanying stock option agreement, which contain the full terms.","This grant is subject in its entirety to the Company's [PLAN NAME] (the 'Plan') and the Stock Option Agreement between the Company and Grantee, each of which is incorporated herein by reference.","Failing to attach or deliver the plan document and option agreement alongside the notice — without the governing documents, grantees cannot review their full rights and obligations.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Acceptance and acknowledgment","Invites the grantee to acknowledge receipt and acceptance of the grant terms, typically by returning a signed copy or accepting electronically.","By acknowledging below or accepting electronically through [PLATFORM], Grantee confirms receipt of this Notice and agrees to be bound by the terms of the Plan and the Option Agreement.","Omitting the acknowledgment block and relying only on email delivery confirmation — without a formal acceptance record, the company cannot prove the grantee received or accepted the terms.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Company authorization","Records the name and title of the company officer issuing the notice on behalf of the board or compensation committee.","Issued on behalf of [COMPANY LEGAL NAME] by [AUTHORIZED SIGNATORY NAME], [TITLE], pursuant to authorization by the Board of Directors on [AUTHORIZATION DATE].","Issuing the notice without confirming board or compensation committee approval — grants made without proper corporate authorization are invalid and must be ratified retroactively.",[328,333,338,343,348,353,358],{"step":329,"title":330,"description":331,"tip":332},1,"Confirm board approval before drafting","Verify that the board or compensation committee has approved the specific grant — number of shares, exercise price, and grantee — before filling in the notice. The grant date is the date of board approval, not the date you send the notice.","Keep a copy of the board resolution or written consent alongside each executed grant notice in your equity records.",{"step":334,"title":335,"description":336,"tip":337},2,"Enter the grantee's legal name and the grant date","Use the employee's full legal name as it appears on their tax documents, and enter the board-approved grant date in the header.","A mismatch between the grant notice name and the cap table entry creates a correction burden during due diligence — confirm the name before sending.",{"step":339,"title":340,"description":341,"tip":342},3,"Specify ISO or NSO and confirm eligibility","Select the option type. ISOs are available only to current W-2 employees. If the grantee is a contractor, advisor, or director who is not also an employee, select NSO.","Check the ISO $100,000 annual vesting limit under IRC Section 422(d) — any amount vesting above $100,000 in a calendar year automatically converts to NSO treatment.",{"step":344,"title":345,"description":346,"tip":347},4,"Enter the number of shares and exercise price","Pull the share count from the board resolution. Set the exercise price to the fair market value per share from your most recent 409A valuation — do not use an estimated or rounded figure.","If your 409A valuation is more than 12 months old, commission a new one before issuing grants to avoid a stale-price 409A violation.",{"step":349,"title":350,"description":351,"tip":352},5,"Set the vesting commencement date and schedule","Enter the vesting commencement date — typically the employee's start date or the grant date — then fill in the cliff period and monthly vesting amount. A standard schedule is 25% cliff at 12 months, then 1/48th per month for 36 months.","State the monthly vesting amount as a specific number of shares rather than a fraction to prevent rounding disputes over a four-year schedule.",{"step":354,"title":355,"description":356,"tip":357},6,"Confirm the expiration date and post-termination window","Enter the expiration date (typically 10 years from the grant date) and note the post-termination exercise window defined in your plan — usually 90 days for voluntary resignation, longer for death or disability.","Some late-stage companies extend the post-termination window to 5–10 years for long-tenured employees — if your plan allows this, note it explicitly in the notice or option agreement.",{"step":359,"title":360,"description":361,"tip":362},7,"Attach the plan document and option agreement","Deliver the grant notice together with a copy of the equity incentive plan and the full stock option agreement. The notice is a summary; the governing terms are in those documents.","Use a delivery confirmation method — email with read receipt, e-signature platform, or physical receipt acknowledgment — so you have a timestamped record of when the grantee received all documents.",[364,368,372,376],{"mistake":365,"why_it_matters":366,"fix":367},"Using a stale 409A valuation to set the exercise price","An exercise price below fair market value on the grant date creates a Section 409A violation — the grantee faces immediate income recognition and a 20% excise tax on top of ordinary income tax.","Commission a new 409A appraisal if the current one is more than 12 months old or if a material event (funding round, acquisition offer) has occurred since the last valuation.",{"mistake":369,"why_it_matters":370,"fix":371},"Granting ISOs to non-employees","ISOs can only be granted to current W-2 employees. Granting them to advisors or contractors invalidates the ISO status, stripping the grantee of favorable tax treatment without their knowledge.","Confirm employment status before selecting option type. Advisors, contractors, and board members who are not also employees must receive NSOs.",{"mistake":373,"why_it_matters":374,"fix":375},"Omitting the vesting commencement date","When the commencement date is missing, the cliff and monthly vesting amounts cannot be calculated, leading to disputes at resignation or exercise — particularly when a service-start credit was verbally promised.","Always populate the vesting commencement date explicitly, even when it equals the grant date, so the schedule is unambiguous.",{"mistake":377,"why_it_matters":378,"fix":379},"Issuing the notice without a completed board resolution","A grant notice issued without formal board or compensation committee approval is a legal nullity — it creates an expectation the company cannot honor and requires retroactive ratification to fix.","Hold or obtain written consent from the board before preparing any grant notice, and attach the resolution or consent reference to each executed notice file.",[381,384,387,390,393,396,399,402],{"question":382,"answer":383},"What is an employee stock option grant notice?","An employee stock option grant notice is a formal written communication a company sends to an employee confirming the award of stock options under the company's equity incentive plan. It records the key terms — number of shares, exercise price, vesting schedule, option type, and expiration date — in a single document the grantee can retain and reference throughout their employment.\n",{"question":385,"answer":386},"What is the difference between a grant notice and a stock option agreement?","The grant notice is a concise summary of the specific award — your name, share count, price, and vesting schedule. The stock option agreement is the full legal document that governs how options are exercised, what happens at termination, and the full set of grantee representations and restrictions. Both documents are issued together; the grant notice is not a standalone contract.\n",{"question":388,"answer":389},"When should a company issue a stock option grant notice?","Issue the notice promptly after the board or compensation committee formally approves the grant — ideally within a few business days. Delayed notices create confusion about the effective grant date, vesting start, and exercise price, and can raise questions from auditors and future investors about the integrity of the equity program.\n",{"question":391,"answer":392},"What is the difference between an ISO and an NSO?","An incentive stock option (ISO) qualifies for favorable tax treatment under IRC Section 422 — the grantee pays no ordinary income tax at exercise if holding-period requirements are met. A non-qualified stock option (NSO) is taxed as ordinary income on the spread at exercise, regardless of when shares are sold. ISOs can only be granted to W-2 employees; NSOs can be granted to employees, advisors, and contractors.\n",{"question":394,"answer":395},"What exercise price should be set on a stock option grant?","The exercise price must equal the fair market value of the company's common stock on the grant date. For private companies, this is determined by an independent 409A valuation. Setting the exercise price below fair market value triggers a Section 409A tax violation that results in immediate income recognition and a 20% excise tax for the grantee.\n",{"question":397,"answer":398},"What does a standard vesting schedule look like?","The most common vesting schedule for employee equity grants is a four-year term with a one-year cliff: 25% of the grant vests on the first anniversary of the vesting commencement date, then the remaining 75% vests monthly in equal increments over the following 36 months. Some companies use shorter schedules for executives or later-stage grants.\n",{"question":400,"answer":401},"Does the grantee need to sign the grant notice?","Formally, the grant notice is a company communication rather than a bilateral contract — the stock option agreement is the binding document both parties execute. However, including an acknowledgment block on the grant notice and obtaining the grantee's signature or electronic confirmation is best practice because it proves receipt, acceptance of terms, and the agreed grant date.\n",{"question":403,"answer":404},"What happens to unvested options when an employee leaves?","Unvested options typically terminate immediately on the last day of employment. Vested but unexercised options generally remain exercisable for a post-termination window defined in the plan — commonly 90 days for voluntary resignation, 12 months in the event of death or disability, and immediately on termination for cause. The grant notice should cross-reference these provisions directly.\n",[406,410,414,418],{"industry":407,"icon_asset_id":408,"specifics":409},"Technology / SaaS","industry-saas","High grant frequency at hire and promotion cycles; ISO grants standard for employees; NSOs common for advisors and international contractors outside the US.",{"industry":411,"icon_asset_id":412,"specifics":413},"Financial Services","industry-fintech","Equity grants often subject to additional regulatory disclosure requirements; clawback provisions and deferred-vesting terms common for compliance with SEC and FINRA rules.",{"industry":415,"icon_asset_id":416,"specifics":417},"Healthcare / Biotech","industry-healthtech","Long vesting horizons aligned to clinical development timelines; grants to scientific advisors frequently structured as NSOs with milestone-based vesting rather than time-based schedules.",{"industry":419,"icon_asset_id":420,"specifics":421},"Professional Services","industry-professional-services","Equity used selectively to retain key partners and senior talent; grant notices must align with partnership agreement provisions to avoid conflicts between equity and profit-share entitlements.",[423,426,429,432],{"vs":249,"vs_template_id":424,"summary":425},"D{STOCK_OPTION_AGREEMENT_ID}","The stock option agreement is the full legal contract governing exercise mechanics, representations, and post-termination rules. The grant notice summarizes the specific award terms in a readable format. Both documents are issued together — the grant notice is not a substitute for the full agreement.",{"vs":427,"vs_template_id":243,"summary":428},"Job Offer Letter","A job offer letter describes equity as a component of the total compensation package, typically referencing a share count and vesting schedule in general terms. The grant notice is the formal confirmation issued after board approval that makes the award official. The offer letter creates an expectation; the grant notice fulfills it.",{"vs":234,"vs_template_id":430,"summary":431},"D{RSU_AWARD_AGREEMENT_ID}","Restricted stock units (RSUs) are a promise to deliver shares upon vesting — no exercise price and no exercise decision required. Stock options require the holder to pay an exercise price and make an active decision to buy. RSUs are simpler for employees to understand and increasingly common at later-stage companies; options are standard for early-stage startups where the exercise price can be very low.",{"vs":276,"vs_template_id":433,"summary":434},"D{EQUITY_INCENTIVE_PLAN_ID}","The equity incentive plan is the board- and stockholder-approved master document that authorizes all grants, sets the option pool size, and defines the rules that apply to every award. The grant notice is an individual communication issued under that plan for a specific grantee. You cannot issue a valid grant notice without an approved plan in place.",{"use_template":436,"template_plus_review":440,"custom_drafted":444},{"best_for":437,"cost":438,"time":439},"Early-stage startups issuing standard four-year vesting grants to employees under an existing approved equity plan","Free","10 minutes per grant",{"best_for":441,"cost":442,"time":443},"Companies issuing first grants, granting to international employees, or using non-standard vesting terms","$200–$500 for a startup attorney review","1–3 business days",{"best_for":445,"cost":446,"time":447},"Late-stage companies, grants with performance vesting, executive agreements with acceleration provisions, or pre-IPO equity programs","$1,000–$3,000+","1–2 weeks",[243,449,450,451,452,453,454,455,456,457,458,459],"employment-agreement_at-will-employee-D541","employment-agreement-executive-D543","independent-contractor-agreement-D160","non-disclosure-agreement-nda-D12692","employee-dismissal-letter-D508","small-business-expense-report-D13396","board-resolution-D78","adhesion-to-the-unanimous-shareholder-agreement-D848","investment-agreement-D12831","letter-of-intent_acquisition-of-business-D5197","term-sheet-D473",{"emit_how_to":461,"emit_defined_term":461},true,{"primary_folder":117,"secondary_folder":463,"document_type":464,"industry":465,"business_stage":466,"tags":467,"confidence":473},"equity-and-mergers","notice","general","growth",[468,469,470,471,472],"equity","legal","stock-options","employee-compensation","vesting",0.92,"\u003Ch2>What is an Employee Stock Option Grant Notice?\u003C/h2>\n\u003Cp>An \u003Cstrong>Employee Stock Option Grant Notice\u003C/strong> is a formal written notice a company issues to confirm that a specific stock option award has been approved and granted to a named employee or other eligible service provider. It records the essential terms of the award — grant date, number of shares, exercise price, option type, vesting schedule, and expiration — in a concise document that supplements the full stock option agreement. The notice functions as the employee's primary reference for understanding their equity position and serves as an auditable record for the company's cap table, equity accounting, and future due diligence.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Issuing equity without a documented grant notice exposes the company and the grantee to avoidable tax, legal, and operational problems. A missing or informal notice leaves the exercise price, vesting start date, and option type open to dispute — disputes that typically surface at the worst possible moment: a fundraising round, an acquisition, or an employee's termination. For the company, undocumented grants create cap table discrepancies that derail investor due diligence and can require costly retroactive board resolutions to correct. For the grantee, unclear terms mean they may miss the 90-day post-termination exercise window or unknowingly trigger a Section 409A violation by exercising at an incorrect price. A properly completed grant notice — issued promptly after board approval and delivered alongside the plan document and option agreement — eliminates all of these risks and gives every grantee a clear, written record of exactly what they earned and when.\u003C/p>\n",1781185940049]